August 2007

Trends and Resources

HP Construction: Africa

  Marathon Oil Corporation and its partners announced the delivery of the first cargo of liquefied natural gas (LNG) from their Train 1 LNG project on Bioko Island, Equatorial Guinea. The $1.5 bi..

Thinnes, Billy, Hydrocarbon Processing Staff

  Marathon Oil Corporation and its partners announced the delivery of the first cargo of liquefied natural gas (LNG) from their Train 1 LNG project on Bioko Island, Equatorial Guinea. The $1.5 billion project was completed six months ahead of the original schedule of late 2007.  The first LNG cargo was delivered to the 138,000-m3 LNG tanker Gracilis under the terms of an agreement with BG Gas Marketing Ltd. to supply 3.4 million mtpy to BG for 17 years. Approximately 3 trillion gross cubic ft of dry gas from the Marathon-operated Alba field offshore Equatorial Guinea will be processed through the LNG plant.  While the contracted offtake rate is 3.4 million mtpy and the o

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